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"ForInvest Trading Competition-Round 24" The Winners will obtain Real Accounts with USD 10,000
''ForInvest Trading Competition' will give you, again, the opportunity to test your trading skills withouttaking any risks.ForInvest will open for you a demo account with USD 10000 of virtual money and you can enjoy yourtrading with ForInvest and compete for a prize.The competition will last for 1 month and will begin as markets open on Monday, August 02, 2010 and ending as markets close on Friday, August 27, 2010.The winners will obtain real accounts with ForInvest Group:1st Winner USD 3,0002nd Winner USD 3,000 3rd Winner USD 2,000 4th Winner USD 2,000
We
would like to emphasize that
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| Place | Demo Account | Name | Country | Balance($) |
| 1 | 843334 | Alexander Shatrov | Russia | 2211940.00 |
| 2 | 843285 | Lee Kit Chow |
Singapore |
1667880.00 |
| 3 | 843328 | Kusumawardani Lyansky | United States | 1299268.24 |
| 4 | 843299 | Ali Mufti | Indonesia | 497441.43 |
| 5 | 843413 | Carlos Waidat | Argentina | 106598.41 |
| 6 | 843500 | Florin Andrei | Romania | 63271.82 |
| 7 | 843515 | Gandung Suharjito | Indonesia | 58770.00 |
| 8 | 843517 | Hristo Koev | Bulgaria | 43065.29 |
| 9 | 843374 | Kristina Markeviciene |
Lithuania |
30199.20 |
| 10 | 843381 | Hamri Bin Tahar | Malaysia | 26065.00 |
Competition Rules
1. Competition Entry.
The competition is open for everybody who is willing to test his/her trading skills and compete for the Price. There is only one entry per account holder or trader. To subscribe to competition, simply download "ForInvest Trader", submit your real data in "Open Demo Account" and make sure that your initial balance is USD 10000.Then you have to send your Demo Account Number to: info@forinvest.net with the word "Competition".
2. Competition
trading
period.
The competition will begin as markets open on Monday, and will last for
one month ending as markets close on Friday. Open positions
will be liquidated for purposes of determining the winners.
3. Competition trading account.
Each participant will have USD 10000 virtual money on his/her Demo contest account with a Leverage 100:1. The goal is to increase this capital as much as possible during the competition session with the highest accumulated number of transactions.
4. Competition trading regulations.
The purpose of the competition rules is to ensure that every trader will have the same opportunity for success as other traders. ForInvest reserves the right to amend, waive or interpret any rule in its sole discretion when doing so would be in the best interests of the competition.
5. Determination of the winners.
When the competition will be finished at the end of the trading month, all positions have to be closed and the winner will be determined. The winner will be the one with the highest Balance (after closing all positions) provided that he did not win in any previous competition. If two or more traders reached the same Balance – the one with the highest accumulated number of transactions will be the Winner. Please note that the minimum number of trades during the month is 50 with a minimum number of lots traded 25. Accounts with less than 50 transactions during the month and with less than 25 lots traded will not be taken into consideration while determining the Winner.
6. Use of Competition for promotional purposes.
To be able to participate in the Competition, all traders are willing to let their trading record be published and/or distributed by ForInvest, its Introducing Brokers, and successors during and after the life of the competition. If the trader chooses not to release his/her trading record he/she will not receive the prize. The top 10 results will be published on the website on a weekly basis. The selection of leaders will be based on the highest Equity.
7. Disentitlement
In case of any discretion in trading, overleveraging, misuse of orders..etc, such transactions would be removed from the client’s account. ForInvest has sole right to disqualify any participant found in violation of the rules of the competition or applying inappropriate trading strategies.
9. Postponement or cancellation
ForInvest reserves the right to extend the trading period, to postpone the starting date, or to cancel the competition if ForInvest, in it its sole discretion, determines that such action is reasonable or necessary. ForInvest , in its sole discretion, may reject any participant’s application for any reason.
10. Prize
The first winner will obtain a real trading account with ForInvest Group with an amount of USD 4000, the second USD 2000, the third USD 2000 and the 4th USD 2000 . These amounts can not be withdrawn till client has accumulated at least 50 transactions with the total amount of lots traded to be not less than 50.
In order for the account to be opened, the Winner is required to provide ForInvest with the following:
- Copy of Passport or ID (true and certified copy)
- Proof of address (Utility Bill, Bank Statement).
- Full contact details (telephone, fax numbers, e-mail address).
- Full banking details.
- Administration fees might be applied (e.g. governmental fees).
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We want to take this opportunity to wish you good luck and successful trading with ForInvest.
FORINVEST GROUP
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